M&A Deal Summary |
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Date | 2020-09-15 |
Target | GroupAssur |
Sector | Insurance |
Buyer(s) | Novacap |
Deal Type | Buyout (LBO, MBO, MBI) |
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Category | Private Equity Firm |
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Founded | 1981 |
PE ASSETS | 8.0B CAD |
Size | Mega |
Type | Sector Agnostic |
Novacap is a large private equity firm focused on middle-market company acquisitions in Canada. Novacap pursues companies with $30 to $500 million in sales and will consider transactions valued up to $500 million. Target transaction situations include partial or full buyouts, spin-offs, take privates, recapitalizations, and growth capital financings. Novacap will consider opportunities in basic industries as well as high-growth tech sectors. Novacap was formed in 1981 and has offices in Toronto and Montreal.
DEAL STATS | # |
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Overall | 45 of 59 |
Sector (Insurance) | 2 of 3 |
Type (Buyout (LBO, MBO, MBI)) | 26 of 31 |
State (Quebec) | 25 of 31 |
Country (Canada) | 31 of 40 |
Year (2020) | 3 of 5 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2020-09-14 |
Optiom
Calgary, Alberta, Canada Optiom is a specialty insurance managing general underwriter ("MGU") and provider of vehicle replacement coverage. Optiom takes pride in a strong reputation for providing professional and dependable administration of specialty vehicle replacement insurance and guarantee programs across Canada. Optiom is based in Calgary, Alberta. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2020-10-05 |
AGA Benefit Solutions
Westmount , Quebec, Canada AGA Benefit Solutions develops and administer tailor-made group insurance plans. AGA Benefit Solutions was founded in 1978 and is based in Westmount, Quebec. |
Buy | - |